Global Pet Food Market Canvassed in New Stratistics MRC Report Now Available at MarketPublishers.com01 Mar 2016 • by Natalie Aster
LONDON – As of 2015, the global market for pet foods amounted to approximately USD 69 billion. Growing demand from pole to pole is a key driving force for this marketplace. Rapid urbanization, changing lifestyle and rising disposable incomes are some other forces encouraging growth of the world’s market. There are also some factors hampering this growth: regulatory issues, pet allergies, obesity in pets, etc.
Dry food forms the largest market segment, and it is followed by snacks/treats. Region-wise, North America is the largest player, and Europe is one more prominent marketplace.
The global market is expected to grow at a one-digit rate in the years to come. Its CAGR is forecast to be slightly over 4.1 percent over the period 2015-2022. APAC is set to witness a strong CAGR given the increasing number of pets being kept at home.
Nestle SA, Groupe Lactalis SA, Dean Foods Company and Arla Foods UK Plc are amongst major companies in this space.
New research report “Pet Foods - Global Market Outlook (2015-2022)” worked out by Stratistics MRC offers a comprehensive guide to the global market for pet foods. The study contains an insightful overview of the world’s marketplace. It outlines market drivers, discusses market restraints and opportunities. The report delves deep into threats of the marketplace and comprises Porter’s five forces analysis. The research study investigates the market by pet types and types of food. It explores performance of the market in different regions and countries. The research report sheds light on key developments in this field and explores the competitive environment. Company profiles, strategic recommendations, supply chain trends and future market outlook are available in the study, too.
Countries covered in the study include: the USA, Germany, Mexico, Japan, Australia, New Zealand, Italy, India, China, and more.
Pet Foods - Global Market Outlook (2015-2022)
Published: February, 2016
Price: US$ 4,150.00
More new research reports by this publisher can be found at Stratistics MRC page.